Harvard University

Laureate Education Inc. founder Douglas Becker is stepping down as president and CEO of the Baltimore for-profit university system at the end of the year.

Two of Laureate’s most-senior and longest-serving executives have been named his successors, effective Jan. 1. Eilif Serck-Hanssen, 51, the company’s chief administrative officer, will take over as CEO. Ricardo Berckemeyer, 47, Laureate’s chief operating officer, will become president.

Becker, 51, will stay on with the company as non-executive board chairman.

"I am proud and grateful for the opportunity to found and lead this remarkable company which is helping so many students around the world achieve their...

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